|
UNITED STATES SECURITIES AND EXCHANGE COMMISSION Washington, D.C. 20549STATEMENT OF CHANGES IN BENEFICIAL OWNERSHIP OF SECURITIES Filed pursuant to Section 16(a) of the Securities Exchange Act of 1934, Section 17(a) of the Public Utility Holding Company Act of 1935 or Section 30(h) of the Investment Company Act of 1940 |
|
| ||||||||||||||||||||||||||||||||||||||
|
Reminder: Report on a separate line for each class of securities beneficially owned directly or indirectly. | |||
Persons who respond to the collection of information contained in this form are not required to respond unless the form displays a currently valid OMB control number. | SEC 1474 (9-02) |
1. Title of Derivative Security (Instr. 3) |
2. Conversion or Exercise Price of Derivative Security | 3. Transaction Date (Month/Day/Year) | 3A. Deemed Execution Date, if any (Month/Day/Year) | 4. Transaction Code (Instr. 8) |
5. Number of Derivative Securities Acquired (A) or Disposed of (D) (Instr. 3, 4, and 5) |
6. Date Exercisable and Expiration Date (Month/Day/Year) |
7. Title and Amount of Underlying Securities (Instr. 3 and 4) |
8. Price of Derivative Security (Instr. 5) |
9. Number of Derivative Securities Beneficially Owned Following Reported Transaction(s) (Instr. 4) |
10. Ownership Form of Derivative Security: Direct (D) or Indirect (I) (Instr. 4) |
11. Nature of Indirect Beneficial Ownership (Instr. 4) |
||||
Code | V | (A) | (D) | Date Exercisable | Expiration Date | Title | Amount or Number of Shares | ||||||||
Partnership Common Units (3) | $ 0 | 03/23/2010 | C | 410,000 | (4) | (5) | Common Stock | 410,000 | (6) | 13,258,050 (7) | D |
Reporting Owner Name / Address | Relationships | |||
Director | 10% Owner | Officer | Other | |
Emmett Dan A 808 WILSHIRE BOULEVARD SUITE 200 SANTA MONICA, CA 90401 |
X | X | Chairman of the Board |
Dan A. Emmett | 03/24/2010 | |
**Signature of Reporting Person | Date |
* | If the form is filed by more than one reporting person, see Instruction 4(b)(v). |
** | Intentional misstatements or omissions of facts constitute Federal Criminal Violations. See 18 U.S.C. 1001 and 15 U.S.C. 78ff(a). |
(1) | OP Units are convertible into Issuer's common stock on a one-for-one basis. See also Footnote 6. |
(2) | Ownership includes the following shares of common stock which the Reporting Person disclaims: (i) 198,000 shares held by trusts (the "Trusts") for the Reporting Person's spouse and children; (ii) except to the extent of his pecuniary interest therein, 300,000 shares held by Rivermouth Partners, a California limited partnership ("Rivermouth"); and (iii) 172,500 shares owned by the Emmett Foundation. |
(3) | Represents limited partnership units ("OP Units") in Douglas Emmett Properties, LP, a Delaware limited partnership (the "Operating Partnership"), whose general partner is wholly owned by the Issuer. The OP Units were acquired by the Reporting Person on October 30, 2006. |
(4) | Commencing 14 months after issuance, OP Units may be redeemed at the option of the Issuer for (i) cash distribution from the Operating Partnership at the request of the Reporting Person, or (ii) common stock of the Issuer. The cash distribution price of the OP Units is based on a discounted fair market value of an equivalent number of shares of the Issuer's common stock. |
(5) | Not applicable. |
(6) | The OP Units are not traded, but have an economic interest equivalent to one share of the Issuer's common stock. |
(7) | Ownership includes the following OP Units disclaimed by the Reporting Person: (i) except to the extent of his pecuniary interest therein, 3,017,288 OP Units owned by Rivermouth; and (ii) 382,425 OP Units owned by the Trusts. |